Secondary market turmoil bodes ill for investors

Article Abstract:

About five million people became limited partners in public real estate syndicates that were registered with the Securities and Exchange Commission (SEC) in the 1980s because they were enticed by high-yield returns and an advantageous tax scheme. For many years, most Wall Street securities firms that sold syndicates have been bringing limited partners who wished to dispose of their shares and buyers who wanted to purchase the units. This activity was known as the secondary market which unfortunately led to investor disappointment. An equitable trading structure should be established to prevent fiascos from occurring in the future.

Regulation misc. commercial sectors, Analysis, Wall Street, United States. Securities and Exchange Commission, Syndicates (Finance)

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Development impact fees in the 1990s

Article Abstract:

Impact fees gained popularity among municipalities in the 1980s as a means to fund construction of public facilities needed for new development. This was usually used as a precondition to be met so that a building or zoning permit could be issued to the developer. So that impact fees can be better utilized in the 1990s, careful consideration must be made of factors pertinent to the assessment of such fees. Furthermore, statutory guidelines covering impact fees should also serve to raise public confidence in this process.

Subdividers and developers, not elsewhere classified, Real estate developers, Impact fees

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Unhappy tax surprises

Article Abstract:

The IRS may have a huge amount of money to collect from the individual limited partners the moment these limited partnership files for bankruptcy proceedings, properties are foreclosed, buildings are returned to the lender, or refinances a debt which funded an initial real estate purchase. As the real estate situation continues, most of the limited partnerships present today have either ventured into a tax-trigerring steps or are presently contemplating on embarking on one.

Real estate limited partnerships

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